China's Auto Sales Reach 2.63M in May, NEV Growth Continues
【SMM News】 In May, China's automobile production and sales reached 2.616 million and 2.629 million units respectively, showing month-on-month growth but a slight year-on-year decline, with the decline narrowing further. Overall, in the first five months, total automobile production and sales reached 12.235 million and 12.207 million units respectively. Among these, the production and sales of new energy vehicles (NEVs) reached 5.841 million and 5.802 million units, representing year-on-year growth of 2.5% and 3.5% respectively.